scholarly journals Theory Of Patronized Goods. Liberal Evolution Of Paternalism.

2016 ◽  
Vol 4 (1) ◽  
Author(s):  
Aleksandr Yakovlevic Rubinstein
Keyword(s):  
Economic Policy ◽  
Rational Behavior ◽  
Economic Decisions

The neo-classical principles of rational behavior are considered in the context of the nature of paternalism as the basis of the Theory of patronized goods. The formation of society’s normative interests is discussed in concern of political aspects. The article illustrates the theoretical and the practical aspects of the concept of consociation democracy, providing liberalization of the institutions for making political and economic decisions. The results of analysis reveal a pattern of paternalism drifting towards institutional liberalization. Proposed a hypothesis explaining why the economic policy in modern Russia still remains somewhere between archaic and merit paternalism.  

scholarly journals Theory of Patronized Goods. Liberal Evolution of Paternalism

2016 ◽  
Vol 4 (1) ◽  
pp. 6-29
Author(s):  
Aleksandr Yakovlevich Rubinstein
Keyword(s):  
Economic Policy ◽  
Rational Behavior ◽  
Economic Decisions

Abstract The neo-classical principles of rational behavior are considered in the context of the nature of paternalism as the basis of the Theory of patronized goods. The formation of society’s normative interests is discussed in concern of political aspects. The article illustrates the theoretical and the practical aspects of the concept of consociation democracy, providing liberalization of the institutions for making political and economic decisions. The results of analysis reveal a pattern of paternalism drifting towards institutional liberalization. Proposed a hypothesis explaining why the economic policy in modern Russia still remains somewhere between archaic and merit paternalism.

scholarly journals The Rehn-Meidner model and its role in the Swedish economic policy

2021 ◽  
Vol Special Edition (Special Edition) ◽  
pp. 85-93
Author(s):  
Marta Sawer
Keyword(s):  
Economic Policy ◽  
Trade Unions ◽  
Full Employment ◽  
External Factors ◽  
Economic Decisions ◽  
Active Labour ◽  
Marginal Employment ◽  
The 1950S ◽  
Oil Crises ◽  
Over Time

This paper aims to describe the Swedish Rehn-Meidner model, the cause of its creation, its features and the reasons for changes in the Swedish economic policy over several decades. The model was developed by two Swedish economists in 1951 and it impacted the economic policy over the following decades. It was intended to facilitate achieving the goals of full employment, price stability, economic growth and equality in a redistribution of income through the policies of solidarity wage, restrictive economy, active labour market and marginal employment. The model was designed as a solution to the "overheating" of the Swedish economy in the 1950s. The implementation of the model initially proved to be successful. However, in the 1970s the economic policy began to be more influenced by trade unions, acting mainly in their own interest. Due to the growing globalisation other external factors, such as oil crises and negative demand shocks, started to have an increasing impact on Sweden. It was when economic decisions started to shift away from the recommendations of the model, and the "golden age" of the 1950s and 1960s came to an end. The following analysis intends to explain what was the model characterisation, how it influenced Sweden's development, and why the country economic policy has changed over time. It also states that despite changes in the economy, certain elements of the model have remained valid until today.

scholarly journals Forecasting US recession with the economic policy uncertainty indexes of policy categories

2018 ◽  
Vol 6 (4) ◽  
pp. 100
Author(s):  
Kazutaka Kurasawa
Keyword(s):  
Economic Policy ◽  
National Security ◽  
Probit Model ◽  
The United States ◽  
The Other ◽  
Policy Uncertainty ◽  
Option Value ◽  
Relative Significance ◽  
Economic Policy Uncertainty ◽  
Economic Decisions

Uncertainty about the future affects economic decisions today since there is an option value to postpone economic decisions. Using the economic policy uncertainty (EPU) indexes of policy categories developed by Baker et al. (2016), this study estimates the probit model to predict the recession probability in the United States, and quantifies the relative significance of the category-specific EPU indexes. The EPU indexes of national security and regulation are found relatively useful as predictors of recession. These category-specific measures of uncertainty provide information about the occurrence of recession that the other variables do not contain. 

scholarly journals The influence of promotional activities on the economic decision making

2016 ◽  
Vol 13 (3) ◽  
pp. 4613
Author(s):  
Aslı Öztopcu ◽  
Nuran Karaağaoğlu
Keyword(s):  
Decision Making ◽  
Economic Thought ◽  
Marketing Strategies ◽  
Cognitive Factors ◽  
Rational Behavior ◽  
Social Emotional ◽  
Economic Decision ◽  
Economic Decisions ◽  
Economic Decision Making ◽  
Decision Making Behavior

Behavioral economics is one of the sub-disciplines discussed through the process of economic thought. It studies the economic decisions of the individuals under the influence of social, emotional and cognitive factors. According to the rational behavior theory in economics, it is discussed that, the individuals may show irrational behaviors in spite of the expectation of rational behaviors. Economics is a human focused social science. The studies held, illustrate that the human behaviors have to be evaluated with the psychological factors. The purpose of this study is to investigate the influence of sales efforts of the drug firms on the economic decision making. The data gathered by the questionnaire show that the marketing strategies influence the decision making behavior of individuals. 

scholarly journals Rationality as a Characteristic of Decision-Making Process: Comparative Analysis of Various Paradigm Approaches

2019 ◽  
Vol 29 (2) ◽  
pp. 289-296
Author(s):  
Irina Shavkunova
Keyword(s):  
Decision Making ◽  
Comparative Analysis ◽  
Selection Process ◽  
Economic Behavior ◽  
Rational Behavior ◽  
Economic Decisions ◽  
Economic Choice ◽  
Economic Decision Making ◽  
Definition Of ◽  
Classical Economic

Classical economic theory traditionally considers the economic behavior of economic entities as rational, but modern studies convincingly prove the predominance of rather irrational motives in the process of making economic decisions. Within the framework of traditional economic analysis, which is based on the rationality postulate, it is difficult and often impossible to explain the behavior of subjects that demonstrate a clear departure from the principles of rational behavior. A detailed study of the problems of economic choice (economic decision-making), rational behavior of economic subjects, as well as the conditions and nature of deviations from the criteria of rationality is difficult within the framework of the methodology of a single social science. However, in modern scientific discourse there is no single interpretation of the category «rationality»; various social sciences consider the concept of rationality in different ways. Rationality as a scientific category is quite a multi-valued concept. All this actualizes a comparative analysis of different paradigm approaches to the definition of rationality as a characteristic of the selection process (decision-making).

Sign in / Sign up

Export Citation Format

Share Document